EGPI Firecreek Inc (EFIR)

[HobbyTrader]

Interesting post from Yahoo msg board:

To answer that question watch the Company's press releases very closely. hillbilly will signal the target price by making noise in the press about the # of shares outstanding (and limits thereto), the anticipated revenue of the acquisitions, and raising money to actually close the acquisitions.

The last release about Kodiak was the share release, message being "for now there will only be about ~29M shares outstanding."

he has already told you he expects revenues of 26M after the Southwest Signal acquisition in the 3/19 release.

Now the trigger will be the release that he actually closed the financing to fund and close the acquisition.

The way this game is played is that generally the fast money speculativss will go ahead and give the company a 1X revenue valuation ahead of examining the fundamentals/particulars and bid the price up accordingly.

So do the math: 1X 26M / 29M shares = ~0.90/share. With a little irrational exuburance from the market you get to $1/share. I bet that's the target give or take.

Understand of course that it's all a shell game and will come unwound once the market realizes the fundamentals don't support the initial read on the stock.

Oh ya, one last thing, the 20X+ increase in volume the week of 3/29 was all hillbilly's insider buddies loading up on virtually free stock before the runup....